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Hope Group
In this Group: Lidia, Petrona, Zunilda, Maria Del Rosario*, Stella*, Angelina*, Brigida, Gladys, Miryan, Cendula, Maria Del Carmen, Laura, Tarciana, Teresa, María Nathalia, Evarista, Lucia, Mirian
* not pictured
The Committee of Entrepreneuring women is a program carried out by Fundación Paraguaya which targets groups of enterprising women who create a village bank through which they receive assistance by way of loans. The main goal is to give the women the opportunity to carry out economic activities which enable them to live with dignity and to contribute to a better quality of life for their them and their families. In practice, lending to poor women creates a cascading effect that brings social and economic benefits to a whole family, and thus to the entire community. What is more, the sense of belonging to a group gives these poor women the energy and motivation to succeed in their work and in life.



In the city of Ypane, Lidia G. de González contacted her friends and neighbors and told them about the committee. She shared with these women her desire to change their world for the better by working very hard. Lidia’s hopeful words stimulated optimism among these women and they decided to form the Committee “La Esperanza” (Hope). All the members of “La Esperanza” dream of opening their own store to offer various products and services. In addition, what motivates them and makes them work extremely hard is their collective desire to give their children an opportunity to go to college or to school.



Among the many businesses they operate are: hair saloons, despensas (grocery stores), copetines (mini bar-restaurants), sewing shops, and shops where clothing, cosmetics, vegetables and fruits are sold. The money provided by the requested credit will be used to buy cosmetics, hair accessories, fabrics, bottoms, threads, fruits, vegetables, brushes and other such products.

Additional Information

About Fundación Paraguaya

Fundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Paraguay

  • $4,555
    Average annual income
  • 61
    View loans »
    Paraguay Loans Fundraising
  • $29,459,275
    Funds lent in using Kiva
  • 4,150.0
    Paraguay Guarani (PYG) = $1 USD

Success!! The loan was 100% repaid

A portion of Hope Group's $3,125 loan helped a member to expand the group members' businesses by purchasing various products, including cosmetics, hair accessories, fabrics, bottoms, threads, fruits, vegetables, and brushes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 11, 2008
Listed
May 19, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 30, 2008